Modern Trends in the Production of Renewable Energy: the Cost Benefit Approach

2021 ◽  
pp. 6-17
Author(s):  
Leonid Hr. Melnyk ◽  
Larysa V. Shaulska ◽  
Olena I. Matsenko ◽  
Vladyslav S. Piven ◽  
Vladyslav V. Konoplov
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Power Plants ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Cost Benefit ◽  
Green Energy ◽  
Green Economy ◽  
Energy Sources

In the article modern trends in the production of renewable energy were analyzed. It was determined that renewable energy sources have many undeniable advantages. First of all, they are much more environmentally friendly than traditional methods of generating energy based on the combustion of fossil fuels. Another advantage of renewable energy sources is their distribution. Unlike traditional energy fuel sources that units possess, renewable energy sources are available to most of the world's inhabitants. It was considered that today in the country there are a number of motivational tools that stimulate the development of green energy. It was proved that the ways of sustainization of the energy sector are associated with three main areas of energy use: electricity generation; heating and cooling of premises; driving vehicles. A system of subsidies for primary investments (purchase and installation of equipment), as well as the commercialization of «green» electricity (costs of entering the market, partial insurance of risks), is applied. It was determined that a separate page in the formation of alternative energy is the rivalry of two directions of its development, based on the creation of concentrated and deconcentrated (distributed) power plants. The first focuses on the concentration of production energy units (solar panels or wind turbines) in one area. The second direction is associated with the deconcentrating of energy sources, that is, the dispersal of individual capacities both across the territory and by forms of ownership. The transition to renewable energy sources is critical for most countries. This is one of the most important steps towards ensuring their energy independence and further restructuring of economic systems towards the formation of a «green» economy. It is gratifying that, along with other countries, Ukraine is making its efforts in this.

scholarly journals From Energy Blues to Green Energy: Options Before Pakistan

2014 ◽  
Vol 53 (4II) ◽  
pp. 309-325
Author(s):  
Rafi Amir-Ud-Din
Keyword(s):  
Renewable Energy ◽  
Environmental Impact ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Economic Feasibility ◽  
Energy Sources ◽  
Energy Mix ◽  
Current Energy

Energy crisis in Pakistan had been brewing long before it became an important national issue with the potential to significantly affect the outcome of general elections of 2013. The looming crisis of depleting non-renewable energy sources combined with a feeble economy has lent a new urgency to the search for an energy mix which is sustainable, economically viable and environmentally least hazardous. Fossil fuels with their known adverse environmental impacts dominate the current energy mix of Pakistan. The renewable energy sources remain underutilised despite being cost effective and less hazardous for the environment. A substantial amount of literature has highlighted various dimensions of existing energy sources in Pakistan with a particular emphasis on the environmental impact, the sustainability and the efficiency of various energy sources [see Asif (2009); Basir, et al. (2013); Bhutto, et al. (2012); Mirza, et al. (2009, 2008, 2003); Muneer and Asif (2007); Sheikh (2010) for example]. This study analyses the environmental impact, economic feasibility and efficiency of various energy sources subject to various economic and noneconomic constraints. Section 2 discusses energy security by reviewing various tapped and untapped energy sources besides analysing current energy mix and its future prospects. Section 3 highlights the interaction of energy use and environment. Section 4 discusses two approaches to assess the feasibility of an energy mix: disaggregated and aggregated. The latter approach makes a multidimensional comparison of all the energy sources discussed in this study. Section 5 consists of discussion and concluding remarks.

scholarly journals What Do The Youth Know About Alternative Energy Sources – Case Study From Hungary And Slovakia

2015 ◽  
Vol 4 (2) ◽  
pp. 36-41 ◽  
Author(s):  
Katalin Takács-György ◽  
Szilvia Domán ◽  
Antalné Tamus ◽  
Elena Horská ◽  
Zuzana Palková
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Important Task ◽  
Green Economy ◽  
Energy Sources ◽  
Young Generation ◽  
Alternative Energy Sources ◽  
The Future

Abstract Wider use of alternative energy sources is a real requirement of sustainable economy – not only from the point of view of limited natural resources –, and there is a question what is the knowledge, the attitude of young generation. As there is a strong connection between the use of renewable energy and sustainability, the issues must be examined together. On the other hand it can be observed that there is a tendency that people are becoming more open and inquiring towards renewable energy sources, and environment protection is considered as a very important task. The main goals of the research were to examine the knowledge of the young generation taking part in higher education on sustainability and alternative energy, and to find out their attitudes to the use of different alternative energy sources. Also, our hypotheses said that the level of knowledge of sustainability and their attitudes to the environment issues are connected. We compared the results of two surveys carried out in 2014 among the students of a Hungarian and a Slovak higher educational institute. According to the primary results it can be stated that the increasing environmental awareness of young generation is visible, although as for the concepts of sustainability and their knowledge on alternative energy sources, as well as their expectations for the future, there was no significant correlation between their opinions in the Hungarian sample. It was proved that they have open minds towards environmental consciousness, and follow the renewable energy sources with attention. A bit more than a half of the sample has real knowledge on sustainability – we mean the three-pillars model here –, more the mail interview has higher knowledge and for the future they thought the question as a very important one. Considerable majority of the respondents, compared to their capabilities, try to live environmentally-sound life, will do more than one thing to save their environment, although also some negative responses slightly appeared in the received results. Primary results of the Slovak sample are similar; respondents do similar measures for environment at their households as their Hungarian colleagues, but with different priority. Concerning the knowledge of concept of “green economy”, “blue economy” and the “non-growth”, it can be summarized that the awareness is evident but in many cases, there is just few information and weak knowledge connected with the terminology and practical consequences. We think it is an important task of education to increase the awareness of young people on sustainable energy use and to let them accustomed to the thought of green economy and non-growth theories, since the expansion of knowledge may help in the development of a more positive attitude, which will then, hopefully, encourage their actions in the future.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

The Role of Renewable Energy Sources in a Sustainable World

1992 ◽  
Vol 3 (4) ◽  
pp. 430-443 ◽  
Author(s):  
Ruud Pleune
Keyword(s):  
Renewable Energy ◽  
Energy Conservation ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
World Energy ◽  
World Concept

Present energy use - largely dependent on fossil fuels - is incompatible with the sustainable world concept. In a sustainable world, energy sources are renewable and used in a way that damage to the environment is minimalized. This study investigates the possibility of a sustainable world using renewable energy sources. It appears that - when strict energy conservation is applied - such a sustainable world seems to be attainable. This requires, however, drastic changes in most parts of society.

scholarly journals Modern Trends in the Development of Renewable Energy: the Experience of the EU and Leading Countries of the World

2020 ◽  
pp. 117-133
Author(s):  
L.Hr. Melnyk ◽  
O.N. Derykolenko ◽  
Yu.O. Mazin ◽  
O.I. Matsenko ◽  
V.S. Piven
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Global Economy ◽  
Alternative Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Alternative Energy Sources ◽  
The World ◽  
The Eu

Energy security and independence is one of the key points in sustainable development. In modern conditions of rapid growth and development of technologies, more and more attention is paid to finding practical solutions for environmentally friendly and inexpensive energy production. For a long time, scientists from various fields of scientific activity around the world have been engaged in the development and use of alternative energy sources. The share of renewable energy sources in the generation of electricity around the world is growing steadily, which indicates an increase in the use of energy obtained from alternative sources, such as, for example, wind and sun. These trends testify to the desire of consumers to abandon the use of fossil energy sources and nuclear power plants as much as possible in order to ensure further sister development. Under the current conditions of the COVID-19 pandemic, the demand for electricity worldwide has decreased, however, as the study shows, this pandemic has not affected the development of renewable energy. The article analyzes modern trends in the development of renewable energy, taking into account the experience of the EU countries and leading countries of the world in this area. As a result, it was concluded that in modern conditions, to achieve sustainable development, transformation processes are needed in such an important area as energy. Various processes in the global economy, which contributed to the intensive development of alternative energy sources, served as a powerful impetus for such changes. Many countries have made significant progress in the development of renewable energy.

Towards Smart Green Cities: Analysis of Integrated Renewable Energy Use in Smart Cities

2021 ◽  
Author(s):  
Natalia Vukovic ◽  
Ulyana Koriugina ◽  
Daria Illarionova ◽  
Daria Pankratova ◽  
Polina Kiseleva ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Energy Use ◽  
Smart Cities ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Energy Sources ◽  
Research Findings ◽  
Effective Development ◽  
Green Cities

This study aims to estimate and explore the experience of introducing renewable energy use in the context of the world’s smart cities. In this regard, the study points out that the use of green energy is an important part of sustainable development. Environmental problems are a matter of global concern. Hence sustainable development is one of the approaches to end the harmful anthropogenic impact. The work includes quantitative assessment methods, for example, statistics, quantitative analysis, analogy, and synthesis. As a result, the analysis confirms that the effective development of a smart green city is impossible without the introduction of several renewable energy sources, the integrated use of which will reduce the likelihood of problems with the city’s energy supply. Likewise, the outcome accentuates that the desire to fully switch to renewable energy sources (RES) can be accompanied by several problems as the creation of RES technologies does not always take the risk of abnormal situations into account. In conclusion, the research findings are recommended to be taken into consideration by researchers in the field of smart and sustainable cities development, as well as urbanists and economists for designing future smart green cities based on renewable energy sources.

Renewable Energy Sources

2016 ◽  
pp. 238-269
Author(s):  
Mahmure Övül Arıoğlu Akan ◽  
Ayşe Ayçim Selam ◽  
Seniye Ümit Oktay Fırat
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Global Energy ◽  
Global Organizations ◽  
Detailed Review ◽  
Life Threatening ◽  
Near Future

Sustainability concerns resulting from the consumption of natural resources, life-threatening levels of pollution, global warming, climate change and the ever-increasing worldwide energy use have brought renewable energy sources to forefront. Given the possibility of depletion of fossil fuels in the near future, the utilization of clean and renewable energy sources have become inevitable. Consequently, governments and global organizations adopted respective regulations to ensure the production and use of renewable energy and promote the respective new investments. In the light of these developments, the aim of this study is to conduct a detailed review and evaluation on the current literature and global energy statistics. The respective projects, binding regulations, incentives, and pricing mechanisms have also been studied to analyze and compare the renewable energy policies adopted worldwide. Ultimately, the goal is to make certain suggestions and lay out possible solutions regarding global energy problems.

Social, Environmental and Economic Impacts of Adopting Clean Energy Use

2019 ◽  
Vol 11 (4) ◽  
pp. 29-49 ◽  
Author(s):  
Muhammad Razi ◽  
Yousaf Ali
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Crucial Issue ◽  
Per Capita ◽  
Social Environmental ◽  
Alternative Solutions

These days, the excessive industrialization, elevated levels of pollution, and the increased energy crisis has led nations towards the use of renewable energy sources. Through the use of renewable energy sources, global warming can also be decreased, which is currently the biggest environmental issue worldwide. Pakistan, being a developing country, relies on the use of fossil fuels for the generation of electricity. The alarming increase in population, energy consumption per capita and energy wastages lead to a shortfall. To resolve this crucial issue, the alternative solutions considered include the use of renewable sources of energy such as hydro, solar and wind. The use of these renewable energy sources is governed by various environmental, economic and social parameters. The influence of these parameters on the use of renewable energy sources is studied through the use of DEMATEL and revised DEMATEL techniques.

scholarly journals Renewable energy and green market development in Russia

2020 ◽  
Vol 207 ◽  
pp. 02009
Author(s):  
Violetta Gassiy ◽  
Vasiliy Stoikov
Keyword(s):  
Renewable Energy ◽  
Alternative Energy ◽  
Renewable Energy Sources ◽  
Developed Countries ◽  
Green Energy ◽  
The Arctic ◽  
Energy Sources ◽  
Factors Affecting ◽  
Goods And Services ◽  
Green Market

The paper discusses the possibilities of green energy in improving the economic growth of regions, the development of the green market and its importance in implementing environmental protection policy. The author considers the premises for the formation of a market of renewable energy sources in developed countries, studying world trends, as well as the conditions and factors affecting the development of the ecological market of green goods and services in modern Russia. The paper analyzes legislative initiatives to develop an alternative energy market, taking into account Russia’s accession to the Paris climate agreement. The author gives examples of regional experience in Russia that are already implementing projects for the installation of alternative energy generators, wind and solar. The conditions and factors for the energy capacities development based on renewable sources in the Arctic territories are also considered. The author concludes that the development of renewable energy sources must be considered in the line of the energy strategy of Russia, as well as with issues of digitalization of the industry, microgeneration, the introduction of energy storage systems.

scholarly journals Efficient Methods of Market Pricing in Power Industry within the Context of System Integration of Renewable Energy Sources

Energies ◽  
2019 ◽  
Vol 12 (17) ◽  
pp. 3250 ◽  
Author(s):  
Evgeny Lisin ◽  
Galina Kurdiukova ◽  
Pavel Okley ◽  
Veronika Chernova
Keyword(s):  
Renewable Energy ◽  
Energy Supply ◽  
Power Plants ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Market Value ◽  
Economic Incentives ◽  
Energy Sources ◽  
Supply Systems ◽  
Energy Supply Systems

Currently, the majority of world economies (even those located in the sunbelt (+/− 35 degrees of latitude with good sunshine with low seasonality) uses various types of fossil fuels as the main source of energy for their economies. However, this represents a very volatile and unsustainable strategy, since according to various estimates, the fossil fuel era will inevitably end as all carbon fuels are going to be spent in the next few centuries. Unlike traditional energy, renewable energy sources (RES) are not based on energy resources, but rather rely upon natural energy flows. With regard to its unique property, there has been an active construction of power plants of renewable energy and their gradual integration into national energy supply systems in recent decades. At the same time, the existing models of electricity markets were unprepared for their wide distribution. Hence, determination of the market value of energy generated by power plants using renewable energy sources becomes a particularly significant issue. This market value has to take into account the prevention of costs from the use of fossil fuels, as well as the resulting environmental benefits. Our paper proposes methods for solving this problem, contributing to the increase of economic efficiency of investment projects for the construction of renewable energy facilities and the formation of economic incentives for their propagation in energy supply systems. The proposed methods are based on the dynamic differentiation of tariffs for consumers with renewable energy sources depending on their structure of electricity consumption. Its effectiveness is demonstrated by calculating the cost of electricity for households located in the Krasnodar region using renewable energy sources. It is shown that this approach to the formation of tariffs for consumers allows the household to receive additional savings from the efficient use of energy installations on RES and energy storage devices in terms of alignment of the energy consumption schedule. This creates a significant incentive for households to use them and contributes to increasing the effectiveness of government renewable energy support programs, including by solving the acute problem of raising electricity tariffs from the grid.

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